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Nonprofiteer
← ENERGY UNITED WATER CORPORATION

Form 990 for tax year 2023

Filed by ENERGY UNITED WATER CORPORATION.

Totals

Total revenue
$4,440,179
Total expenses
$3,881,824
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,344,542
Investment income
$87,215
Other revenue
$8,422
Total assets, end of year
$14,009,007
Total liabilities, end of year
$3,712,974
Net assets or fund balances, end of year
$10,296,033
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: WATER RECEIPTS

    total $3,991,633 · related or exempt $3,991,633

  • 2b · Program service revenue: IMPACT FEE

    total $113,900 · related or exempt $113,900

  • 2c · Program service revenue: PENALTIES

    total $92,829 · related or exempt $92,829

  • 2d · Program service revenue: WEST IREDELL-MAINTENANCE

    total $65,120 · related or exempt $65,120

  • 2e · Program service revenue: TAYLORSVILLE - MAINTENANCE

    total $53,760 · related or exempt $53,760

  • 2f · All other program service revenue

    total $27,300 · related or exempt $27,300

  • 3 · Investment income

    total $81,215 · excluded $81,215

  • 7a · Gross sales of assets other than inventory

    other assets $6,000

  • 7c · Gain or loss

    other assets $6,000

  • 7d · Net gain or loss

    total $6,000 · related or exempt $6,000

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,722 · related or exempt $7,722

  • 11b · Other revenue: RETURNED CHECK FEES

    total $700 · related or exempt $700

  • 11e · Other revenue, total

    $8,422

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $232,674

  • 7 · Other salaries and wages

    total $500,285

  • 8 · Pension plan contributions

    total $149,066

  • 10 · Payroll taxes

    total $55,209

  • 11c · Fees: accounting

    total $39,402

  • 16 · Occupancy

    total $15,176

  • 17 · Travel

    total $7,097

  • 20 · Interest

    total $65,115

  • 22 · Depreciation, depletion and amortization

    total $382,260

  • 23 · Insurance

    total $169,228

  • 24a · Other expenses: WATER PURCHASES

    total $1,565,809

  • 24b · Other expenses: MAINTENANCE-LINES/METERS

    total $168,831

  • 24c · Other expenses: UTILITIES-OFFICE

    total $113,971

  • 24d · Other expenses: MAINT-TANKS/PUMP STATION

    total $67,855

  • 24e · All other expenses

    total $349,846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $729,717 · end of year $1,988,749

  • 2 · Savings and temporary cash investments

    beginning of year $2,027,676 · end of year $1,075,216

  • 4 · Accounts receivable

    beginning of year $331,340 · end of year $398,250

  • 7 · Other notes and loans receivable

    beginning of year $252,043 · end of year $182,604

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,263 · end of year $17,979

  • 10a · Land, buildings and equipment: cost or other basis

    $18,653,914

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,307,705

  • 10c · Land, buildings and equipment, net

    beginning of year $10,529,706 · end of year $10,346,209

  • 15 · Other assets

    beginning of year $105,476

  • 17 · Accounts payable and accrued expenses

    beginning of year $335,617 · end of year $336,395

  • 23 · Secured mortgages and notes payable

    beginning of year $3,120,433 · end of year $2,560,708

  • 24 · Unsecured notes and loans payable

    end of year $17,361

  • 25 · Other liabilities

    beginning of year $800,490 · end of year $798,510

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,737,681 · end of year $10,296,033

Mission and programs · 2023

Mission

TO PROVIDE RURAL WATER SUPPLY

  • RURAL WATER SUPPLIED TO APPROXIMATELY 5,200 MEMBERS

  • RURAL WATER SUPPLIED TO APPROXIMATELY 5,200 MEMBERS

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rod Watts

    MANAGER

    Total calculated
    $154,989
    From this org
    $117,633
    From related orgs
    $0
    Other
    $37,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,633
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $37,356 related
    Filer's total
    $117,633 + $37,356 related

  • Robin Loudermilt

    OFFICE MGR

    Total calculated
    $125,535
    From this org
    $93,839
    From related orgs
    $0
    Other
    $31,696
    Hours/week
    40

  • Jerry L Durmire

    PRESIDENT

    Total calculated
    $26,077
    From this org
    $21,202
    From related orgs
    $0
    Other
    $4,875
    Hours/week
    20

  • Dana Benfield

    DIRECTOR

    Total calculated
    $0

  • Leo Chapman

    DIRECTOR

    Total calculated
    $0

  • Diane Dellinger

    SEC./TREAS.

    Total calculated
    $0

  • William D Johnson

    DIRECTOR

    Total calculated
    $0

  • Ronnie Robinette

    VICE PRESIDE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202530599349301528

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